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Property Taxes paid into Escrow
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Icon Mini Profile hwood777





Joined: 05 Aug 2009

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Post Posted: Wed Aug 05, 2009 2:32 pm    Post subject: Property Taxes paid into Escrow
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I just purchased a home in Feb 09. My property assessment went down by 150k in June. Will I receive a refund at the end of the year for the difference in taxes paid into escrow?
Icon Mini Profile gmakerley
gmakerley
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Post Posted: Wed Aug 05, 2009 2:36 pm    Post subject:
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you may very well - it would make sense for your lender, in its escrow analysis, to make that determination. don't look for it at the end of the year, however. escrow analysis time (maybe next summer?) will be when you'll see it.
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Icon Mini Profile Realgeni





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Post Posted: Sat Aug 08, 2009 11:37 pm    Post subject:
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hwood777

Call the escrow compny to verify how this needs to be handled.

Good luck and feel free to ask
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